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Mertiva AB (LTS:0GSH) Net-Net Working Capital : kr2.31 (As of Jun. 2020)


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What is Mertiva AB Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Mertiva AB's Net-Net Working Capital for the quarter that ended in Jun. 2020 was kr2.31.

The industry rank for Mertiva AB's Net-Net Working Capital or its related term are showing as below:

LTS:0GSH's Price-to-Net-Net-Working-Capital is not ranked
in the Asset Management industry.
Industry Median: 6.185 vs LTS:0GSH: 14.24

Mertiva AB Net-Net Working Capital Historical Data

The historical data trend for Mertiva AB's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mertiva AB Net-Net Working Capital Chart

Mertiva AB Annual Data
Trend Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Dec16 Dec17 Dec18 Dec19
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.22 15.93 6.43 0.55

Mertiva AB Semi-Annual Data
Feb10 Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.70 6.43 5.01 0.55 2.31

Competitive Comparison of Mertiva AB's Net-Net Working Capital

For the Asset Management subindustry, Mertiva AB's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mertiva AB's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mertiva AB's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Mertiva AB's Price-to-Net-Net-Working-Capital falls into.



Mertiva AB Net-Net Working Capital Calculation

Mertiva AB's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2019 is calculated as

Net-Net Working Capital(A: Dec. 2019 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16.326+0.75 * 0+0.5 * 0-0.158
-0-0)/29.579
=0.55

Mertiva AB's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2020 is calculated as

Net-Net Working Capital(Q: Jun. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(81.105+0.75 * 0+0.5 * 0-12.731
-0-0)/29.579
=2.31

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Mertiva AB  (LTS:0GSH) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Mertiva AB Net-Net Working Capital Related Terms

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Mertiva AB (LTS:0GSH) Business Description

Traded in Other Exchanges
N/A
Address
Edsviksvägen 89, Danderyd, Stockholm, SWE, 182 35
Mertiva AB is a Swedish investment company. The company focuses on investments it estimates that the relationship between expected return and risk is attractive.

Mertiva AB (LTS:0GSH) Headlines

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